AJAX Research

Research-Driven
Investment Intelligence

Institutional-quality equity analysis, quantitative modeling, and market commentary. Built for serious investors.

Market OverviewLive — 04:47 AM ET
SPX
7,126.06+1.20%
NDX
26,672.43+1.29%
DJI
49,447.43+1.79%
VIX
17.48-2.56%
US3M
3.60%-1.0 bps
US10Y
4.25%-6.3 bps
US30Y
4.88%-4.4 bps
GC
4,879.60+1.48%
CL
82.59-9.41%
META——AAPL——GOOG——NVDA——SPX——VIX——BTC——GOLD——OIL——US10Y——META——AAPL——GOOG——NVDA——SPX——VIX——BTC——GOLD——OIL——US10Y——

0

Reports Published

0

Sectors Covered

YTD Performance

Jan 1 – Present · Model Portfolio

AJAX
SPX
NDX

Market Snapshot

SPX

7,126.06

+1.20%

NDX

26,672.43

+1.29%

DJI

49,447.43

+1.79%

RUT

2,776.90

+2.11%

DXY

98.23

+0.01%

WTI Crude

$82.59

-9.41%

Gold

$4879.60

+1.48%

3M Yield

3.60%

10Y Yield

4.25%

VIX

17.48

-2.56%

Live · refreshes every 15s

Latest Coverage

Research Reports

RTXFeb 9, 2026
DefenseNEUTRAL

RTX Corporation: Positioned for a Multi-Year Defense Re-Rating, but Valuation Reflects the Outlook

RTX's earnings are structurally supported by missile defense demand, sustainment-heavy procurement programs, and a recovering commercial aerospace aftermarket, providing multi-year revenue visibility. However, current valuation already reflects normalized earnings and backlog visibility, leaving forward returns dependent on operational execution and sustained geopolitical defense spending rather than multiple expansion.

PT: $206.00
XAU/USDJan 30, 2026
CommoditiesOVERWEIGHT

Gold (XAU/USD): A Structural Reserve Asset in an Era of Fiscal Dominance and Geopolitical Fragmentation

AJAX Research maintains a Strategic Overweight on gold as elevated sovereign debt, persistent fiscal imbalances, sustained central bank accumulation exceeding 1,000 tonnes annually, and rising geopolitical fragmentation have transformed gold from a cyclical hedge into a structural reserve asset. Over the past five years, gold has outperformed the S&P 500 by approximately 28.5% on a total return basis, reinforcing its capacity to preserve real value through macroeconomic stress.

View all reports →

Commentary

Recent News

Apr 16, 2026

ARGUS Brief

ARGUS Brief: Iran Crisis Reshapes Energy, Rates, and Peace Odds — Pre-Market

US-Iran peace negotiations are narrowing differences, bolstering risk sentiment and moderating energy shocks, but unresolved nuclear issues and Iranian export halts keep volatility elevated. Oil prices remain elevated despite negotiation hopes, benefiting energy majors; geopolitical premium is supporting gold and pressuring the dollar. Global growth concerns loom as energy costs weigh on European earnings and inflation expectations.

Apr 15, 2026

ARGUS Brief

ARGUS Brief: Equities Rally on Iran Deal Hopes, Energy Shock Spreads — Post-Market

The S&P 500 closed at fresh records on April 15, 2026, recovering all losses since the start of US-Iran hostilities as optimism over potential diplomatic resolution outweighs near-term commodity and supply-chain risks. However, secondary sanctions threats, oil-price spikes, and corporate hesitation signal persistent macro headwinds ahead, with particular vulnerability in energy-dependent sectors and fertilizer markets.

Apr 14, 2026

ARGUS Brief

ARGUS Brief: Iran Talks Reignite; Oil, Energy Markets Volatile — Post-Market

Wall Street rallied on renewed optimism for US-Iran diplomatic talks, with the UN signaling high probability of restart negotiations. However, this optimism is tempered by ongoing military posturing—the US interdicted Iranian oil tankers and maintained Strait of Hormuz pressure—and a sharp IMF growth downgrade citing Middle East conflict as a persistent headwind. Energy and geopolitical risk remain the dominant drivers.

Apr 14, 2026

ARGUS Brief

ARGUS Brief: Iran War Reshapes Global Oil & Risk Assets — Pre-Market

A US-led blockade of the Strait of Hormuz combined with Russia's oil waiver expiration is tightening energy supplies and crushing confidence globally, particularly in Asia. Peace talks resuming this week offer potential relief, but commodity inflation, margin compression, and demand destruction are emerging risks that equity and FX markets are cautiously pricing in. Dollar weakness and equity strength reflect optimism for diplomatic resolution, though geopolitical tail risks remain elevated.

Apr 13, 2026

ARGUS Brief

ARGUS Brief: Iran Dialogue Lifts Risk Assets, Commodities Ease — Post-Market

Markets rallied on renewed US-Iran diplomatic engagement, with equity indices climbing and oil prices falling as investors reduced geopolitical risk premiums. The dialogue signals a potential de-escalation path, though NATO allies' refusal to join the US blockade and China's cautious stance underscore fragmentation in the international response. Luxury and industrial sectors showing early damage from war-related disruptions.

About AJAX Research

Institutional Analysis, Independent Voice

AJAX Research applies the analytical frameworks of top-tier investment institutions to deliver equity research that is both rigorous and actionable. Built by investors, for investors.

01

Fundamental Research

Bottom-up equity analysis grounded in financial modeling. DCF, comps, and scenario analysis for every coverage initiation.

02

Quantitative Rigor

Data-driven decision-making with statistical validation. Every thesis is stress-tested against historical evidence and market reality.

03

Independent Perspective

No investment banking conflicts. No sell-side pressure. Research driven solely by analytical merit and evidence.

04

Risk-Adjusted Thinking

Position sizing, drawdown analysis, and margin of safety are built into every recommendation. Risk management is never an afterthought.